Welcome to HardshipLetter.net , your source for example hardship letters you can send to your mortgage company in order to try and stop foreclosure on your home.
So what exactly is a hardship letter anyway? When you are having trouble paying your mortgage you may find yourself in a loan workout, or loan modification process, in which your lender or loan servicer may ask you for a letter that describes the events leading to your payment issues, as well as other reasons leading to the need of the loan modification.
In laymen’s terms, they want to know why you can’t pay the mortgage on your house and why they should modify your home loan rather than just foreclosing on your house. This sounds simple, but the actual hardship letter needs to be in a very specific format in order to be effective. Which is why so many people end up here on our site. Most of our visitors here are looking for a sample hardship letter to help them write their own letter.
So what are some of the reasons you can use for as a basis for your hardship letter? Some include:
As you can see, there are tons of different reasons people need a hardship letter for their mortgage company and thousands of different reasons they fail to pay their monthly mortgage. A little known fact is that with a well crafted hardship letter many mortgage companies will renegotiate or modify your loan in order to accommodate your current financial situation and allow you to keep your house. In the pages within our site you’ll find tons of sample hardship letters you can use as a guide to craft your own effective letter for your lender.
*** Note***
We are not attorneys here at www.hardshipletter.net and cannot give you legal advice. The information found here is simply for informational purposes and should in no way be construed as suggestions for you to take in regard to financial or legal issues you may be facing. If you need legal help you should consult with an attorney in your local area that is familiar with your state and local laws.
Do you have a sample hardship letter to submit?
If you have a sample hardship letter template that has worked for you in your loan workout process and would like to submit it for others to use, please send it to us via our contact form.
